ShippingWatch

Global Ports under severe pressure in 2016

Global Ports, which is partially owned by APM Terminals, experienced a large decline in revenue in 2016 following significantly reduced container activity in Russia. "The Russian container market remained sluggish," says CEO Vladislav Baumgertner. But there are signs of improvements ahead.

Log in to read our articles

Welcome to ShippingWatch. A part of our content is exclusive and reserved for our users.

Try us free for 14 days

Get 14 days free trial access

Frontpage right now

Norwegian shipping investor debuts in dry bulk

Founder of rig company Borr Drilling, Tor Olav Trøim, is now targeting dry bulk with the company 2020 Bulkers. The plan is to list the company on the minor OTC stock exchange, reports local media Finansavisen.

Wärtsilä's Chinese venture pays off

Finland's Wärtsilä is betting on the Chinese market and has now won a contract to supply 16 engines to four new LNG vessels, states the company, adding that this order confirms growth in the country.

Latest Ports

Related articles

Latest news

Jobs

See all

See all